The Bond Market Association merged with the Securities Industry Association in 2006 to form the Securities and Financial Markets Association (SIFMA), which advocates for the interests of banks and private companies in the US. SIFMA addresses issues such as regulatory reform, savings and retirement, capital markets, and bond markets, and provides professional services to its members.
The Bond Market Association (BMA) was a professional organization, once called the Public Securities Association, which merged with the Securities Industry Association (SIA) in 2006. That merger formed the Securities and Financial Markets (SIFMA). Before consolidating to form SIFMA, the BMA was headquartered in New York; Washington DC; and London The Bond Market Association coordinated transactions with governments, corporations and investors. Members of the Bond Market Association were expected to adhere to a code of ethics.
The BMA was an international not-for-profit association representing approximately 200 companies that bought, sold and traded debt securities. The Bond Market Association also compiled statistics, tried to standardize market practices, and served as an industry advocate to legislators and industry regulators. BMA members traded US government bonds, municipal securities, mortgage-backed securities and money market securities.
As part of SIFMA, former members of the US Bond Market Association have developed policies and practices that advance the interests of hundreds of banks and private companies. While the BMA was an international organization, SIFMA is the US chapter of the Global Financial Markets Association (GFMA). SIFMA addresses various issues that are relevant to its members, including regulatory reform, savings and retirement, capital markets, and bond markets.
SIFMA connects banks and private clients with legislation affecting the bond markets and those who invest in them. Some laws regulate how financial organizations handle funds and other valuables. SIFMA holds an annual bond summit to discuss legislation and regulation. The organization also issues reports covering a variety of bond-related issues, including statistics and projections for future performance.
In addition to tracking current events, SIFMA provides its members with professional services, including a career center and a buyer’s guide to products and services for industry executives. Members also have access to business continuity resources. In order to keep the bond markets and other financial arenas liquid and transparent, SIFMA encourages its members to use standardized documentation and filing procedures.
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